MoF will reduce other fees and charges in order to help solve difficulties for aviation businesses during the COVID-19 pandemic. — Photo thuongtruong

The Ministry of Finance (MoF) has completed a draft circular that will help reduce many types of fees for aviation firms.

According to the draft, many airport operating fees shall be reduced 10 per cent from the rates specified in the current Article 4 in Circular No 247/2016/TT-BTC. The current rates for flight assurance service cost each flight VND165,000 per landing or take off. It also stipulates the airport fee of VND335,000 for landing or take off.

MoF said in order to help solve difficulties for aviation businesses during the COVID-19 pandemic, it also proposed to reduce other fees and charges of issuing certificates and licences in civil aviation activities or granting permits to access restricted areas of airports for the aviation firms.

Among the reductions in the draft, the assessment fee for issuance of licences for commercial air transport and general aviation firms, which is now between VND5 million and VND50 million, will be expected to decrease to between VND10 million and VND40 million. Thus, its can help an aviation firm save a maximum of VND10 million (US$430).

MoF planned to apply the reduction by the end of 2020. From January 1, 2021, onwards, the rates will keep following current regulations. — VNS

While people around the planet continue to grapple with the pandemic, there’s also a call to pause and reflect on another cause – Time for Nature, the theme of the UN’s World Environment Day on 5 June.